Top of the Street: Atlas Copco, RWE, Demant, Pandora
17/06/2020 12:39
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
** BofA Global Research double upgrades Atlas Copco
ATCOa.ST to "buy" from "underperform", citing the Swedish
industrial group's strong free cash flow and increasing M&A
potential urn:newsml:reuters.com:*:nL8N2DU1B4
** RWE's RWEG.DE recent auction wins should help it
increase gains from its offshore wind farm business, HSBC says
and ups the German utility to "buy" from "hold" urn:newsml:reuters.com:*:nL8N2DU0YZ
** Berenberg cuts Danish hearing aid maker Demant
DEMANT.CO to "hold" from "buy", saying the market may be slow
to recover post-pandemic when customers have less money and are
reluctant to visit shops in person urn:newsml:reuters.com:*:nL8N2DU0LA
** HSBC upgrades Pandora PNDORA.CO to "buy" from "hold",
citing the Danish jeweller's greater-than-expected COVID-19
resilience and improvements it has made in its Chinese unit
urn:newsml:reuters.com:*:nL8N2DU0O3
(*Analyst rankings from Thomson Reuters StarMine. The scale is
from 1-star to 5-star with 5 being the best. Analysts are ranked
on earnings accuracy as well as relative performance of
recommendations over trailing 12-month & 24-month periods.)
((michal.aleksandrowicz@tr.com; zuzanna.szymanska@tr.com))